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obama winning a second term edging mitt romney by some of the thinnest margins some have seen in the popular vote in some time. but president obama win where he needed to win. taking most of the key battleground states that put him over the top in the electoral college. we welcome you here to a good morning. i'm bill hemmer. you look no worse for the wear, by the way. i squeeze in two hours so i'm fresh. martha: i'm martha maccallum. president obama with 303 was the magic number in electoral votes. romney at 206 though that number could change because the results from the battlegrounds of florida not yet in. you need 270 to win and the president crossed that magic number around what time? bill: 11:17 p.m. martha: he says the best is yet to come in his administration and he's willing to work with americans to solve america's problems. >> despite all the frustrations of washington, i have never been more hopeful about our future, i have never been more hopeful about america and i ask you to sustain that hope. i believe we can keep the promise of our founder. if you are willing t
. obama to forge the bipartisan compromise that eluded him in his first four years. welcome to "america live," it's the day after, and i'm megyn kelly. as the dust settles from campaign 2012, the balance of power in washington looks -- the same. [laughter] the white house and the senate will still be in democratic hands come january, the house still firmly controlled by the republicans. on the heels of a hard-fought contest, president obama appeared ready to reach across the aisle. at one point sending out a message that read, we're all in this together. that's how we campaigned, and that's who we are. thank you. and last night in his victory speech, a similar tone. >> i believe we can seize this future together! [cheers and applause] because we are not as divided as our politics suggest. we're not as cynical as the pundits believe. we are greater than the sum of our individual ambitions, and we remain more than a collection of red states and blue states. we are and forever will be the united states of america! [cheers and applause] and together, with your help and god's grace, we will
given president obama a new four-year lease on the house at 1600 pennsylvania ight, itg mo. >> the president not only big. >> this shellacking electoral results, it looks like a rout. >> source close to the romney summed up their feelings in three words, this one stings. >> the six-round knockout out of nowhere. >> we were sitting in the pumpkin patch waiting for the great pumpkin to rise. never came. >> no. >> as it turned no one sing state was crucial for the president with the exception of north carolina president obama took every single battleground state. the only remaining question is florida which hasn't yet been called and where the president still holds a lead. last night at 12 minutes past 11:00, 12 minutesfirst declared the winner in 2008 the president clenched ohio and with it re-election. but a few were too shocked to believe it. >> all i'm saying is is that look we've had one instance where we're -- where something was prematurely called. >> karl rove is here with michael back there with the decision desk. we would like to refer to th
it the november surprise. in 90 minutes, president obama will hold his first press conference since re-election and he will be holding it amid circumstances no one could have predicted. just one week after america gave him a second term, at a time of high stakes negotiations over the so-called fiscal cliff, the president will likely face questions about a salacious sex scandal involving the now former cia director. >> does the president see this in general as an unwelcomed distraction at a time when he's just -- was re-elected and has a bunch of priorities in terms of the fiscal cliff and in terms of his cabinet? >> well, i certainly i think wouldn't call it welcome. obviously the, as i said to ben, the information about general petraeus came to him as a surprise. >> not exactly welcome is perhaps an understatement. the resignation of general david petraeus as cia director hangs another question mark over america's intelligence community and foreign pollicy leadership. with petraeus out he could tap john owe brennan to take over at the cia. secretary of state hillary clinton has insist
the shot at the white house in 2016. i don't think the nice words he had for obama will hurt him much with republicans four years from now. i mean, do you want to be the republican candidate who gets up on stage with christie and tell him he shouldn't have praised the president's response to a natural disaster destroying his state? i don't think i would. that does it for "the cycle." karen, take it away. >> good afternoon. i'm karen finney in for martin bashir on this wednesday, november 21st. democrats are crying out, don't let boehner and the boys ruin thanksgiving again. >> right now what i want to make sure of is that taxes on middle class families don't go up. >> why not ask millionaires and billionaires to pay more? >> republicans essentially say, hey, why don't we just cap deductions? what's better? >> you make it clear if someone breaks the pledge you'll do whatever can you to get rid of them. >> to educate the voters that they raise taxes. again, we educate people -- >> to get rid of them. >> it won't kill the country if we raise taxes a little bit on millionaires. >> even so
. victory lap. it was a modern american election. that gave president obama four more years. >> i believe we can seize this future together. >> how did a new patchwork of americans come together to give him the win? and force a tough gut-check moment for the republican party? >> paul and i have left everything on the field. we have given our all to this campaign. >> can they recover? and change with the changing america? what is the world saying tonight? how about wall street? and what did the president do today to help the country heal? now, two american families turn the page. the romneys, polling together. the obamas, starting a new chapter in this white house. and the abc news powerhouse team is everywhere, on this historic day for america. live, from abc's election headquarters, this is a special "world news" with diane sawyer. >> good evening, and it was a day of celebration for president obama and a day of soul searching for the republican party. and, a reality check for a nation, seeking to move forward as a hard-fought election. tonight, your voice has become your vote, and these ar
in the battlegrounds while president obama shoots hoops, an election day tradition. >> and i'm zoraida sambolin. the immense damage from hurricane sandy forcing an election day scramble. people voting by e-mail and different polling stations and in some cases literally moving the earth to have their voices heard. >> joining us throughout the morning, congressman randy forbes of virginia, delaware governor jack markell, jim clyburn, obama campaign senior adviser david axelrod, bob mcdonald, ted strickland and bob shrum, a democratic consult and the who worked on the kerry and gore campaigns. special election coverage here on cnn begins right now. >>> it is up to the american people right now. good morning and welcome to our special edition of "early start." we have complete 4ri6 coverage of election day 2012. over the past 17 months we've watched two campaign spend a combined $3 billion, two candidates duel it out in three dramatic debates, all trying to win your vote. now more than 1 million campaign commercials later, 1 million campaign commercials later, the polls are opening. voting is begin
that precedes election today, early voting tends to favor them. look how it did in 08 obama 19 at that time. fast ford today, governor romney is beating president obama by 7 points marking a 26-point slide for the commander-in-chief. chris stirewalt is our fox news digital politics editor and host of power play on fox news.com. is that correct, chris? the early voting tends to favor the democrats. it seems like republicans don't like early voting, they complain about it because it favors the other side but not so according to this poll in this election. >> that is exactly right, megyn. the truth is democrats have long pushed to extend voting as long as possible. no election day, they want election month. they want more times to get their voters to the polls. there are more democrats than republicans. republicans vote with higher intensity usually than democrats. when we see a pupl lik number like pew's that the republican candidate has gone ahead when you're talking about a challenger that is remarkable indeed especially in a race that is shaping up as a dead heat. megyn: how does that rela
since president obama and john boehner met in person. nbc news confirms two leaders spoke by phone for 15 minutes last night a call described by politico as short and curt. boehner gave his state on the current talks a moment ago. >> no substancetive progress has been made in the talks between the white house and the house over past two weeks. all eyes are on the white house. the country doesn't need a v victory lap it needs leader. >> behind the scenes of the contours of a deal are starting to take shape, a trillion plus dollars in tax heights, entitlements of $400 billion and 1.2 trillion in spending cuts to offset the dreaded sequester. if the phoners haven't been gabfests the president is chatting up other folks including small business owners, middle class americans and mitt romney-loving ceos. if awkward meetings are par for the course in washington, the president's one today takes the cake. later this hour, president obama will sit down for a post-election chitchat with the prince of awkward, the king of tilted conversation and uncomfortabled one-liners, mitt romney. is ther
>>> very good morning to you. i'm richard lui. chris jansing is away this morning. president obama seems ready for a fight over what happened in libya and the fiscal cliff. a confident commander in chief took to the podium at the first news conference since his re-election. he pushed back on suggestions that his security team mishandled what happened in libya and defended ambassador susan rice. >> if senator mccain and senator graham and others want to go after somebody, they should go after me. and i'm happy to have that discussion with them. but for them to go after the u.n. ambassador who had nothing to do with benghazi and was simply making a presentation based on intelligence that she had received and to besmirch her reputation is outrageous. >>. >> and the president drew a line on taxes saying revenue must come from people who make over $250,000. >> what have i'm not going to do is extend further a tax cut for folks who don't need it, which would cost close to a trillion dollars. >> i want to bring in a columnist for the "washington post." good morning. let's start with you.
obama which has benefited the middle class will also expire along with $26 billion in unemployment insurance that supports thousands of americans without jobs. add that to the huge cuts in financing for nearly all federal programs, military and civilian alike, which would be about another $65 billion. now, why are we on this cliff again? aren't you thinking to yourself, don't these guys in washington do this every year? well, yeah. it wasn't always so dramatic. republicans and democrats alike have routinely raised taxes and made surgical cuts notice government services. back in 1982, even the gop hero ronald reagan instituted one of the largest tax increases in modern american history. what's going on? i this i it comes down to one important word, than word actually isn't taxes. it's power. here at the fiscal cliff base camp are the same players in the same chairs, the same issues as 2011 but man, the power dynamics have changed. if last year the name of the game was hold the line, this year the opening salvos are more about let's get things done. here is house speaker john boehner
reportedly held a private meeting with senior obama administration white house officials. according to the "washington post" the groups were told not to worry about any entitlement reforms or big budget cuts. the so-called safety net programs according to them are not going to be touched and the progressive groups walked away feeling very happy. the report say the white house feels it does not need to compromise, period and is willing to let the big tax hike happen on everybody. the big tax hike is what everybody will face not just the rich or the middle class. they think they'll be in a better position to negotiate with the g.o.p. after that happens. chris stirewalt joins me, host of power play on foxnews.com. >> i was a little frightened, i thought something i, really bad was happening instead of the standard badness. megyn: that is terrifying. [laughter] back down to business, the progressive groups, the union groups meet with white house officials and are very happy, which, you know, strikes fear down the spines of republicans out there i suppose. but can it really be that presi
and president obama set to break bread at the white house in a couple of hours. but why? details live on washington on the meeting we were all hoping to be a fly on the wall at. >> how a simple phototurned a cop into a viral angel. "fox and friends" starts right now. ♪ ♪ "fox and friends". >> gretchen: good morning, everybody. so everyone should give up because this is the winning ticket right here. >> steve: we didn't give up. >> brian: you get it from missouri. >> gretchen: there are millionaires in new york and new jersey and connecticut. so who knows? stay tuned if you live in those three states. >> brian: it is a happy day for me, we can no longer talk about powerball. i am so tired of the story. give the people the billions. >> steve: now they are part of the one percent that are demonized by the democrats. >> gretchen: two people waking up winning in the 550 million powerball jackpot. did you realize tickets are up to two dollars a piece. i went to buy five. they changed it in january. >> i hoped you won some to defray. >> brian: what are you doing since your show is over.
. we were all paying attention to the election, re-election of barack obama war is breaking out in the middle east? what, what? >> when did that happen? [laughter] for the last 18 months we've been focused on the united states or the arab spring or iran's nuclear weapons. we've not focused on israel. but israel looks all around its neighborhood, and it says we are beset on every single one of our borders. we are surrounded. we have a syrian war that could threaten to spill over, hezbollah in southern lebanon attacking israel. we have an unstable jordan, we have on our southern border the one thing that we had to keep the peace for the last 40 years, egypt. egypt now has a new government, the muslim brotherhood government. they have said they're going to reconsider that peace agreement they've had for the last 40 years. the sinai peninsula which is a desert, a demilitarized zone between israel and egypt, al-qaeda's set up shop there, so the fact that you now have the egyptian prime minister going to gaza and either trying to broker a deal or if no deal to be had, siding with gaza
. happening now, new troubles for some top members of the obama administration. more republicans senators say they're troubled by what the united nations ambassador susan rice is telling them. and now the acting cia director has some serious problems as well. president obama pulls out all the stops to keep middle class taxes low, but will congress go along with higher taxes for the rich? plus, a long secret u.s. plan, get this, to explode an atomic bomb on the moon. what were they thinking? i'm wolf blitzer. you're in "the situation room." >>> today we may be at the tipping point for one of the most important decisions president obama needs to make as he begins his second term. on capitol hill republicans including moderate republicans are sending the president a clear warning, don't nominate susan rice to replace hillary clinton as secretary of state. rice is the current u.s. ambassador to the united nations. she spent a second day meeting with senators trying to explain some of her inaccurate comments she made after the september 11th terrorist attack on the u.s. consulate in benghazi, liby
president obama and the man he defeated just three weeks ago? that's right. that was just three weeks ago. >>> also this morning, a deep dive into america's longest war. look into lessons learned and the sacrifices made by troops at one combat outpost. tell us about what's been accomplished and what's not in more than a decade of fighting. as the country wakes up obsessed with numbers and winners, for the lottery, that, we've got a very important update on the election night numbers that gave us a winner. they've been changing steadily as the states keep on counting. and some important ways the selection perhaps is now going to get characterized. good morning from washington. it's thursday, november 29, 2012. in case you've been in a bunker all night, the winning powerball numbers are 5, 16, 22, 23, 29. the powerball number itself is 6. the reason i'm here and the reason my entire staff showed up for work today is because nobody here won. let's get right to my first reads of the morning. this morning, mitt romney comes to washington. the last time president obama and romney came face to f
obama, say raise those taxes on the rich but keep them low for everyone else. that's the deadlock, an here's that cliff. if lawmakers don't act the consequences will be felt by just about all of us, taxes for 90% of americans would rise next year. according to the non-partisan tax policy center, your income tax bill would rise $3,500 and if you make 50 grand a year the taxes will raise 2 grand and the infamous 1%, the taxes on them would rise an average of $25,000. that's if we go off the fiscal cliff and the thing we're trying to avoid. say we avoid the fiscal cliff, some americans will pay higher taxes. will crain a cnn contributor, licking his wounds since election day and jean, republicans are now on board by raising revenue by cutting tax breaks, but they are not on board with raising tax rates. >> no, they are not. >> some of them have pledged they will never, ever do that. how do we reconcile, that that's the challenge. >> you know, president obama came out this week and said compromise is hard, but we've got to do and do it together. he is still sticking the i want to rais
obama and house speaker john boehner pledging to work together this time around with the threat of the fiscal cliff just months away. is it just talk or are they actually going to find common ground before it is too late? we'll talk about that. >>> plus the deadly disease that can be predicted by visible signs of aging. we'll talk about that with a doctor coming up. >>> armed motor thieves racing through a busy mall. how about that? the jewelry store heist caught on tape. it's all "happening now.". jenna: hi, everybody. great to have you with us today. i'm jenna lee. jon: i'm jon scott. lots to get too today. we want to get started what is going on in the northeast. mother nature package powerful punch hitting an area still recovering from superstorm sandy d a strong nor'easter dumping freezing rain and snow on new york and new jersey. this winery mix coming at the worst possible time with hundreds of thousands of people still waiting for electricity to be restored after sandy. no power means no heat as temperatures plunge. steve centanni is live in new jersey. steve? >> reporte
the perfect storm. you've had hurricane sandy, you've had the re-election of barack obama, and you have people realizing that not only is it their second amendment right, but they may be in a situation where they need a firearm to protect themselves. and they're coming to that realization, and it's just caused an uptick and a spike, and last friday, you know, on black friday it was through the roof. >> reporter: according to gallup, 43% of women surveyed last year reported owning a gun which is a new high. the nra reports that over the last four o or five years there's been an exponential increase in women participating in safety classes, licensing programs and women-only hunting programs. some women feel safer just knowing how to use guns. >> i felt like if we were going to have guns in the home, that i should know how the handle them, know if it's loaded, you know? i mean, there's going to be guns in the house, i can't have something that i'm afraid of and don't know what to -- you know, it's dangerous. so i took a class, and i found that i really enjoyed it. >> reporter: and she even knows
tax rates and some by president obama would both end. the working poor would be among the hardest hit. a tax policy center analysis showed a married couple making about $30,000 a year would on average go from receiving a $15 tax credit to owing $1400. >> wow. >> yeah. that's probably a reason to try and get something done? >> maybe we will. maybe we will. >> you would think. >> yeah. or maybe we can just talk about 2016. >> we could do that as well. how are you doing, willie? >> i'm doing well. >> good. just two weeks after the longest -- >> thanks for stopping by. >> doing well. >> you know, just two weeks after the longest, most expensive and exhausting election in u.s. history eyes are turning to 2016 as speculation begins over the next batch of candidates lining up to run for president. >> who could that be? i know it's going to be a surprise. >> i know it is too. we're moving past these dynasties. >> exactly. >> of ruled politics for decades. republican up and comer jeb bush jr. says he would love to see his dad run for president, and rand paul says he's going to follow in his po
, there was some covert action program going on in libya. i think the agency and the obama administration are trying to figure out how to deal with that. it could include some very embarrassing information related to the program. we don't know exactly what it is, it could be related to syria, it could be related to, perhaps, the militia group that carried out the benghazi attack. so these are important questions that need to be answered, and by sidelining petraeus in this way through his resignation, certainly it's going to be harder to get at those questions at least for independent investigators, say, on capitol hill. shannon: he may not testify this week as was planned, but i talked with a number of lawmakers this weekend who said they do intend, if necessary, to subpoena him, even in his roam as a private citizen -- role as a private citizen now. do you think he'll resist it or a welcome it to testify to something that maybe the investigation didn't want him to talk about publicly? >> well, the question is not so much whether he will testify, it's what he will say when he testifies an
or otherwise, don't forget to thank them for their extraordinary sacrifices. president obama will pay tribute to american heroes this morning. he'll lay a wreath at the tomb of the unknown soldier at the arlington national cemetery and he'll make a statement around 11:00 eastern time. >>> they served in battle. now they're ready to serve their constitue constituents. we'll tell you how it proved to be. >>> plus, republicans are looking to capitalize on lessons they learned but who's going to be the flag bearer come 2016? yes, we're already talking 2016. we'll take a look at the list. the very long list. ♪ ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. but when i was in an accident... take advantage of exceptional values i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthc
in thailand hours before president obama's visit. he's there kicking off the first leg of his visit in asia, two were killed after detonating a bomb at a train. the second attack, one person died when a motorcycle bomb exploded. a such continues for the remaining crew member missing from the oil rig explosion in the gulf of mexico. the body of the other missing crew member was found by the drivers after the coast garden terd the search. and the coast guard says no oil leaked from the platform, concerns that this would be another disaster just like the explosion two years ago. in northeast ohio one man set up camp last thursday and calmed out for nine or has done this for the last nine years. >> when you have five kids and limited income what you want to be able to do, provide for them and get them decent christmas presents. >> most are pros, coming equipped with heaters, grills, mattresses, making it a home away from home. >> a few things i'm worried about, putting the heaters inside the tents. >> not a good idea. >> don't light up the propane stove. >> and i saw that guy on steady diet of
. keep us updated. well the move by morsi came immediate after president obama publicly praised morsi for his role in brokering the truce between israel and hamas militants. so what is this guy morsery really up to? he goes in. sweeps into hamas. he will be the savior. will help broker a peace deal, meanwhile with the other hand back in egypt he is guilty of a huge power grab that makes him awful lot like a dictator in what was supposed to be a more democratic egypt. so what happens now with the country we currently support with almost $2 billion in foreign aid? ambassador john bolton was one of the very first to warn, be careful what you wish for when the arab spring drove morsi's predecessor, mubarak, from power. that guy was basically a dictator too but he was a pro-western dictator. now there is a question whether we have upgraded and whether the egyptian people have. we'll ask ambassador bolton what he thinks. >>> in washington we're hearing new concerns over the fate of the recently ramped up budget talks in washington and what they're talking about is your money and how much th
on the wealthy was a central issue of president obama's campaign. he talked about it in every, single campaign speech. >> the wealthiest americans got tax cuts. tax cuts. try a tax cut. another trillion dollar tax cut that favors the wealthy. >> reporter: in her exclusive interview thursday, diane sawyer pressed the speaker on that. >> 60% of the voters have said that they are ready to raise these taxes. they are ready to have the wealthier americans pitch in here. >> i said yesterday that raising tax rates is unacceptable. >> reporter: the looming fiscal crisis has already affected financial markets, helping drive the dow below 13,000 for the first time since september. if a deal is not struck, virtually every american taxpayer will see a substantial increase in their taxes starting january 1st. during the last negotiations, speaker boehner's hands were tied because tea party conservatives opposed compromise. here's what he told george back then. >> there's no daylight between the tea party and me. >> reporter: what does he think of the tea party now? >> we don't have a tea party caucus to sp
. it is chile, right? martha: turkey chile. bill: president obama hosting governor mitt romney for a private lunch at white house. this is the photo released by the white house, shaking hands at the oval house. they had a lunch, hour long, no media or press cameras. press press was asked about it. listen here. melissa: nothing is preventing you from speaking with governor romney about it. well, that is obviously up to former governor romney to decide whether he wants to have a conversation with you. and, you're welcome, when the president, next appears before you to ask him about it. we will provide a readout. but we didn't, i think they wanted to have, each man wanted to have a private conversation. they didn't want to turn it into a press event. bill: we hear that governor romney congratulated the president on his campaign and wished himself. they promised to stay in contact if there are opportunities to work on shared interest. don't hold your breath. martha: a new government report out shows americans cut back on their spending last month and saw no growth in their incomes. the commerce
. president obama's warning both sides upon to ramp up the fighting in the middle-east, even as he supports israel's right to defend itself. the president is monitoring the crisis closely, as he is in a three-day swing to south asia. wendall is with the president. >> reporter: the president has talks almost dale weprime minister netanyahu and egyptian president morsi and has reached out to the turkish prime minister. he said he would like to see the violence between israel and the palestinians diminish, but says that israel has a right to defend itself. >> israel has every right to expect that it does not have missiles fired into its territory f. that can be accomplished without a ramping up of military activity in gaza, that's preferable. >> reporter: here in thailand, mr. obama's wrapping up the first leg of a three-nation tour, visiting what one analyst calls the troubled children. he goes to burma and cambodia, in burma to urge in theic process and in cambodia, despite the lack of it, there was a wat pot monastery, with the reclining buddha and asked the monk there for prayers, for talk
? we've just had an election. the people had a choice between mitt romney and president obama who said let's have a balanced plan, and let's give tax cuts to the middle class. what is he talking about? this is about tax cuts. the president is saying, renew the payroll tax cut. give tax cuts to every dollar earned up to $250,000. i don't know what they're thinking, thomas. but obviously, they are putting it all on the line for the koch brothers and sheldon adelson who earn billions of dollars. they're selfish. and there's a group called patriotic millionaires who are saying please, please, tax us fairly. and here's the point. the president is saying to the millionaires and billionaires, we're just taking you back to the tax rates that you had when bill clinton was president. and i would like to remind everybody, we had the greatest prosperity then when everyone paid their fair share. 23 million new jobs. and why is it? because the middle class had the money to spend out there, to stimulate this economy. it's a consumer-driven economy. about 70% of the economy is consumer driven. and the
date for mitt romney, going to the white house to meet with president obama. >> making a run for it, a zebra and a pony. those are real pictures. welcome to "early start." this was sent to us yesterday. they said this is a serious and true story. i said no way. it is. john berman is hosting "starting point" at 7:00, it's now 5:00 a.m. in the east. first 33 days until we reach the fiscal cliff and things are heating up on capitol hill. tim geithner, the chief fiscal cliff negotiator will meet with congressional leaders in an effort to get talks moving. there's no time to waste because there may be 33 days to get a deal done, but congress breaks for the holiday. that happens in just 15 days. white house correspondent dan lothian is live from washington this morning. dan, that clock is ticking louder and louder what is the very latest? i hear there are one-on-one meetings happening today. >> that's right. these are the president himself not sitting down and talking with lawmakers, but timothy geithner will be on capitol hill and other senior level members of the administration trying t
>>> tonight, how the vote was won. president obama's main man, david axelrod and what america needs now. >> i hope coming out of this election people will come with a renued sense of cooperation. >> and what he thinks is wrong with the gop. >> the center of gravity has shifted so far to the right they're way out of the mainstream. >> and tyler perry, extraordinary writer, director, act herb, successful. >> absolutely. told me up were the best interviewer in the world. very, very worried. >> his on movie studio. films grossed over $600 million. >> to make that title money mean ps i get to reinvest in what i do and able to hire a lot more people. >> and wear a dress. >> did you think you'd be world famous for crossdressing? >> no. never in a million years. the first time i did it i nerve are thought it would last as long as it did. >> tyler perry, all-american it success story. >> the greatest gift in my life is what my audience has given me. >> this is "piers morgan tonight." >>> good evening, an extraordinary week for america. a hard fought election won and the president beginning t
. >>> developing now from the white house president obama and congressional leaders right now meeting behind closed doors for negotiations on the so-called fiscal cliff, something that both sides want to avoid but the big question, how much are they willing to give? here's what the president said within the last hour just before the bargaining began. >> our challenge is to make sure that, you know, we are able to cooperate together, work together, find some common ground, make some tough compromises, build some consensus to do the people's business and what the folks are looking for and i think all of us agree on this is action. >> nbc's kristen welker is live at the white house. give us a brief on the expectations going in -- open minded or closed minded from both sides? >> reporter: well, i think both sides are definitely open minded but that is not to say there aren't huge hurdles that they have to get over in order to come to some sort of deal to avoid the fiscal cliff which of course by all accounts if they cannot do that it could lead the economy back into a recession. there is certainly a lo
players. >> we need to see president obama move off the position of entitlements and propose real reductions, tangible, real, so there is something to balance with the rather substantial tax proposals. >> shannon: who do you think in the house and senate will be the key folks at the table? some are worried about the fact that maybe party leaders are negotiating what i happening, the committees and the rank and file are not necessarily involved and what will happen, something comes together and they are asked to sign on. narcotics we had senator jeff sessions talking about that. we do not have that. but his argument is that so much is being done in secressy and it is not fair to everyone who should be involved. how concerned should we be about the negotiations? >> i don't think we should be concerned at all about the secrecy. i think it's difficult to come to a deal with the president on one side and 535 members of the congress on the other. but we need to look for is whether someone of stature, like congressman ryan says that these spending cuts are real, substantial and will redu
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